Consult with Highly Experienced CA/CS expert at Online Legal India™ regarding Sole Proprietorship Registration, Required Documents, Benefits, other certificates/license & Tax Compliances. Trusted by 1 Lakh+ Satisfied Customers
A Sole Proprietorship is a unique type of Business Entity that can be owned and conducted by an Individual. Sole Proprietorships are known for the simple incorporation process and lowest regulatory compliance requirement.
In India, the Sole Proprietorships are the favorable business type for the majority of the Micro and Small Ventures chiefly functioning in the unorganized sectors. It is ideal for budding entrepreneurs getting into business for the first time and ventures with a lower amount of clients.
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As per the Companies Act,2013 any Indian citizen above the age of 18 can start a Sole Proprietorship firm.